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Top News & Analysis Washington DC

  • DETROIT-- General Motors has picked its top Washington lobbyist to lead the Cadillac brand worldwide. The company named Robert Ferguson on Tuesday to the new position of vice president of global Cadillac. Ferguson's lobbying duties will be assumed by Vice President of Communications Selim Bingol, who also will keep his current post in Detroit.

  • Oct 9- General Motors Co has created the new position of global brand chief for Cadillac as the U.S. automaker looks to broaden global demand for the luxury line of vehicles.

  • Financial Times Headlines INVESTOR OPPOSITION TO BAE DEAL MOUNTS- OSBORNE DELIGHTS TORY RIGHT WITH SPEECH- IRAQ SEND CRUDE OIL TO SYRIA- RECKITT ADMITS CHIEF SHARE PLEDGE BREACH- BP'S PARTNER IN TNK-BP LOOKS TO SELL STAKE- TOTAL WARNS OVER' INACCURATE' BENCHMARKS- FINANCIAL STALWARTS LINE UP TO LEAD BOE- EURO ZONE LAUNCHES 500 BLN EURO RESCUE FUND- STANCHART TARGETS SUB-SAHARAN PUSH- Overview INVESTOR OPPOSITION TO BAE DEAL MOUNTS.

  • WSJ: Earnings Season Less Likely to Influence Market

    CNBC's John Harwood reports Mitt Romney is attacking President Obama's foreign policies; and Michael Ozanian, Forbes Magazine, and Dan Greenhaus, BTIG, share their opinions on whether investors should care about an earnings drop in Q3.

  • The ruling by the Appellate Division of the state Supreme Court reversed a lower court's 2011 dismissal of victim Daniel Williams' complaint, which accused Ohio gun maker Hi-Point and distributor MKS Supply Inc. of Ohio of intentionally supplying handguns to irresponsible dealers because they profited from sales to the criminal gun market.

  • WASHINGTON-- A private rocket successfully sent a capsule full of cargo zipping toward the International Space Station in a first of its kind delivery for NASA, but couldn't deliver on job No. 2: putting a commercial satellite into the correct orbit. It is the first of a dozen supply runs under a mega-contract with NASA.

  • *US, Canada growth both seen around 2 pct in 2012, 2013. WASHINGTON, Oct 8- The United States will continue to notch modest growth of around 2 percent growth this year and next but must avoid a year-end' fiscal cliff' of tax hikes and spending cuts that would tip it back into recession, the IMF said on Monday.

  • RIGHT UJUMCHIN, China, Oct 9- On the remote grasslands of northeastern China, a politician little known in the West has made a name for himself as a rising leader.

  • SAN FRANCISCO, Oct 8- Two San Francisco-based car-sharing services, including one founded by Zynga Inc. director Sunil Paul, are operating in defiance of California authorities, highlighting how regulators are struggling with a wave of start-ups that encourage people to share everything from cars to their homes.

  • WASHINGTON, Oct 8- Wal-Mart and American Express have teamed up for a useful kind of financial innovation. It's a smooth move by Wal-Mart. The partners aren't disclosing financial terms, but it seems unlikely Wal-Mart would pay as much as it does to other card issuers.

  • *No agreement yet by Britain, France, Germany on stakes. LONDON/ PARIS, Oct 8- Britain turned up the volume in a dispute over French state involvement in any tie-up of aerospace groups EADS and BAE Systems on Monday, leaving the European mega-merger on a knife-edge less than 48 hours before a deadline for the deal.

  • WASHINGTON, Oct 8- Wal-Mart and American Express have teamed up for a useful kind of financial innovation. It's a smooth move by Wal-Mart. The partners aren't disclosing financial terms, but it seems unlikely Wal-Mart would pay as much as it does to other card issuers.

  • WASHINGTON-- Mitt Romney solely blamed President Barack Obama on Monday for potential defense cuts that Republicans in Congress worked out with the White House and Democrats and left the misimpression that Obama has ignored free trade initiatives.

  • *Kirk also seeks to blacklist entire energy sector of Iran By Roberta Rampton. WASHINGTON, Oct 8- Republican Senator Mark Kirk, who last year co-authored a package of U.S. sanctions on Iran's banking and oil sectors, is working on new legislation that would further tighten the economic noose on Tehran, an aide to the lawmaker said Monday.

  • Jerry Brown ordered them to allow so-called "winter-blend" gasoline to be sold in California earlier than usual to increase supply. AAA said the average price for a gallon of regular gasoline in California hit $4.668 Monday _ the highest price in the nation and an all-time high for the Golden State. California usually converts to the gas on Oct. 31.

  • WASHINGTON-- Pepco and its union say they have reached a tentative contract agreement that will likely avert a strike. The utility that covers the nation's capital says the preliminary agreement is subject to a vote by the International Brotherhood of Electrical Workers Local 1900.

  • WASHINGTON, Oct 8- U.S. telecommunications operators should not do business with China's top network equipment makers because potential Chinese state influence on the companies poses a security threat, the U.S. House of Representatives Intelligence Committee said in a report on Monday.

  • Washington's Wealthiest

    More than half the members of Congress are millionaires, and many have seen their fortunes increase, even during the recession, with CNBC's Robert Frank.

  • WASHINGTON, Oct 8- The retailer's new venture with American Express looks a good option for poorer Americans lacking access to financial services.